Revenue Recognition Deep Dive - Unlocking the Key Principles of ASC 606 4 Credits
Learning mode
Having a good understanding of revenue recognition and the ASC 606 requirements is important for ensuring accurate financial reporting and compliance. This CPE course will guide you through ASC 606, helping companies avoid potential risks related to misreporting revenue.
This course provides a comprehensive overview of the revenue recognition principles under ASC 606. It covers the five-step model for recognizing revenue, which includes identifying contracts, measuring transaction prices, and allocating those prices to performance obligations. Participants will gain an understanding of key considerations, such as when a contract exists and how to measure the transaction price accurately. The course also explores the presentation of contract assets and liabilities, along with the required disclosures.
Key topics covered in this CPE course:
Join this course to unlock the key principles of ASC 606 and enhance your ability to ensure accurate revenue recognition. Gain the knowledge needed to navigate financial reporting and stay compliant with the latest standards.
For more CPE Accounting Courses, Click here.
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 4 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 4 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 4 CPE | Eligible |
| Financial Statement Analysis for Chartered Financial Analyst (CFA) | 4 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 4 CPE | Eligible |
| Financial Reporting for Certified Government Financial Manager (CGFM) | 4 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 4 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 4 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 4 CPD | Eligible |
| Mergers and acquisitions for Certified Valuation Analyst (CVA) | 4 CPE | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 4 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 4 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 4 CPE | Eligible |
| Financial Statement Analysis for CIPM | 4 PL | Eligible |
| Mergers and acquisitions for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 4 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 4 CE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Accounting for Certified Public Accountants (CPA-US) | 4 CPE | Approved |
| Financial Accounting for Certified Internal Auditors (CIA) | 4 CPE | Eligible |
| Financial Reporting for Certified Management Accountants (CMA) | 4 CPE | Eligible |
| Financial Statement Analysis for Chartered Financial Analyst (CFA) | 4 PL | Eligible |
| Accounting for Delaware Licensed Public Accountant (DE-LPA) | 4 CPE | Eligible |
| Financial Reporting for Certified Government Financial Manager (CGFM) | 4 CPE | Eligible |
| Accounting for Certified Fraud Examiner (CFE) | 4 CPE | Eligible |
| Auditing for Internal Audit Practitioner (IAP) | 4 CPE | Eligible |
| Financial Reporting for Certified Financial Forensics (CFF) | 4 CPD | Eligible |
| Mergers and acquisitions for Certified Valuation Analyst (CVA) | 4 CPE | Eligible |
| Auditing for Qualification in Internal Audit Leadership (QIAL) | 4 CPE | Eligible |
| Accounting for Iowa Licensed Public Accountant (IA-LPA) | 4 CPE | Eligible |
| Accounting for Maine Licensed Public Accountant (ME-LPA) | 4 CPE | Eligible |
| Financial Statement Analysis for CIPM | 4 PL | Eligible |
| Mergers and acquisitions for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 4 CPE | Eligible |
| Financial accounting concepts for Certified FP&A Professional (FP&A) | 4 CE | Eligible |
Credits
4
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
Kelen is a recognized author and reviewer of CPE courses and has authored over 150 courses (370+ CPE credit hours) covering a range of accounting, auditing, financial reporting, regulatory, and ethics topics. His courses are available for purchase from many online CPE providers including the AICPA. Kelen remained involved in CPA exam content development for nearly 10 years and authored more than a thousand multiple choice questions for various sections of the CPA exam. He also serves as an Editorial Advisor for the AICPA’s "Journal of Accountancy".
Kelen has nearly 20 years of progressive finance and accounting experience. He currently serves as a Principal in Accounting Policy with HP in Doha, Qatar. Prior to HP, he served in multiple accounting roles in the oil & gas industry with ConocoPhillips including technical accounting policy, SOX compliance, and internal audit. He also gained public accounting experience with PricewaterhouseCoopers, working with various clients in the energy, electric, power, gas, and utility sectors.
What is Self Study (QAS)?
Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.
How do I earn CPE credits through self-study?
To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.
Are the self-study courses approved by NASBA and other regulatory bodies?
Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.
What are the requirements to maintain compliance with self-study courses?
To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.
How can I access my course completion certificates?
After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
How are credits reported to governing bodies?
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
Feb 10, 09:00 AM ET
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Inclusions
Multiple Credits
Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.
Certifications & Reporting
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.
Credit Tracker
Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.
Certificate Vault
Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.
Compliance Reminders
Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.
Mobile App Access
The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.
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Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.
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